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Global Industrial furnaces Market Size study & Forecast, by Product Type( Rotary Furnace, Pit Furnace, Crucible Furnace, Bell Furnace, Box Furnace) by Mode of Operation( Continuous mode, Semi-Continuous Mode), by Type (Electric Resistance, Combustion, Induction, Arc and Microwave), by Fuel Type ( Coal, Natural Gas, Electricity, Oil, Biomass), by End Use (Aerospace, Automotive, Electronics, Ceramics, Pharmaceuticals, Others) and Regional Analysis, 2022-2029

May 2023 | 200 pages | ID: G3B47DB81C1EEN
Bizwit Research & Consulting LLP

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Global Industrial furnaces Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. An industrial furnace is a thermal inclusion that processes and treats raw materials in both their solid and liquid phases at very high temperatures. a system that can heat up to more than 1000 degrees Fahrenheit and is used for industrial heat treatment. Industrial furnaces are used in many different industries, such as manufacturing, the production of iron and steel, glass, calcination in cement production, non-ferrous metals, and ceramic processing. Using heat effectively to reduce losses and managing and controlling the different phases of solid, liquid, and gas moving at different speeds for different temperatures and times to prevent corrosion and erosion of the refractory are the two main goals of using an industrial furnace. The Industrial furnaces market is expanding because of factors such as rising demand for lightweight automobiles and increased adoption of technologies such as industry 4.0 and the industrial internet of things (IIoT).

The demand for lightweight vehicles is rising as a result of technological advancements, and other considerations include increased use of electric industrial furnaces. A lot of manufacturers also create and heat-treat metallic car parts for use in vehicle assembly in industrial furnaces. The expansion of vehicle production and sales, along with the rising trend in the production of lightweight metal components for the automotive industry, are what are fueling the market's expansion. For instance, in July 2021, Valin ArcelorMittal Automotive Steel Co., Ltd. in China made an order with global technology company ANDRITZ for a galvanizing furnace for a new coating line to produce third-generation Advanced High Strength Steel. In addition, Ipsen installed the second Turbo Treater vacuum furnace at Temprasud in Italy in May 2022. The new furnace will help them as they work to expand into the aerospace industry while they continue to grow their business in the automotive sector. In addition, high level of investment and spending on research and development is creating a lucrative growth to the market. However, fluctuating prices of Industrial furnaces may halt market growth.

The key regions considered for the Global Industrial furnaces Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of automotive and steel sector as well as an increase in building project investments as well as an increase in the number of expanding markets to produce machinery and manufacturing equipment. Whereas Europe is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising automotive and manufacturing industrial sector in the region.

Major market player included in this report are:
ANDRITZ AG
Carbolite Gero Limited
Epcon Industrial Systems
LP
NUTEC Group
International Thermal Systems LLC,
Gasbarre Products, Inc
L&L Special Furnace Co., Inc.
Thermcraft, Inc.,
International Thermal Systems

Recent Developments in the Market:
In October 2022, Manufacturing company Gasbarre Products, Inc., which specializes in industrial furnaces, invested USD 5.8 million to expand its current location.

Global Industrial furnaces Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product Type, Mode of operation, Type, Fuel Type, End Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Rotary Furnace
Pit Furnace
Crucible Furnace
Bell Furnace
Box Furnace
By Mode of Operation:
Continuous mode
Semi-Continuous Mode
By Type:
Electric Resistance
Combustion
Induction
Arc
Microwave
By Fuel Type:
Coal
Natural Gas
Electricity
Oil
Biomass
By End Use:
Aerospace
Automotive
Electronics
Ceramics
Pharmaceuticals
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Industrial furnaces Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Industrial furnaces Market, by Product Type, 2019-2029 (USD Billion)
  1.2.3. Industrial furnaces Market, by Mode of Operation, 2019-2029 (USD Billion)
  1.2.4. Industrial furnaces Market, by Type, 2019-2029 (USD Billion)
  1.2.5. Industrial furnaces Market, by Fuel Type, 2019-2029 (USD Billion)
  1.2.6. Industrial furnaces Market, by End Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL INDUSTRIAL FURNACES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL INDUSTRIAL FURNACES MARKET DYNAMICS

3.1. Industrial furnaces Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising demand for lightweight automobiles
    3.1.1.2. increased adoption of technologies such as industry 4.0 and the industrial internet of things (IIoT)
  3.1.2. Market Challenges
    3.1.2.1. Fluctuating prices of Industrial furnaces
  3.1.3. Market Opportunities
    3.1.3.1. High level of investment and spending on research and development

CHAPTER 4. GLOBAL INDUSTRIAL FURNACES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL INDUSTRIAL FURNACES MARKET, BY PRODUCT TYPE

6.1. Market Snapshot
6.2. Global Industrial furnaces Market by Product Type, Performance - Potential Analysis
6.3. Global Industrial furnaces Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
6.4. Industrial furnaces Market, Sub Segment Analysis
  6.4.1. Rotary Furnace
  6.4.2. Pit Furnace
  6.4.3. Crucible Furnace
  6.4.4. Bell Furnace
  6.4.5. Box Furnace

CHAPTER 7. GLOBAL INDUSTRIAL FURNACES MARKET, BY MODE OF OPERATION

7.1. Market Snapshot
7.2. Global Industrial furnaces Market by Mode of Operation, Performance - Potential Analysis
7.3. Global Industrial furnaces Market Estimates & Forecasts by Mode of Operation 2019-2029 (USD Billion)
7.4. Industrial furnaces Market, Sub Segment Analysis
  7.4.1. Continuous mode
  7.4.2. Semi-Continuous Mode

CHAPTER 8. GLOBAL INDUSTRIAL FURNACES MARKET, BY TYPE

8.1. Market Snapshot
8.2. Global Industrial furnaces Market by Type, Performance - Potential Analysis
8.3. Global Industrial furnaces Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
8.4. Industrial furnaces Market, Sub Segment Analysis
  8.4.1. Electric Resistance
  8.4.2. Combustion
  8.4.3. Induction
  8.4.4. Arc
  8.4.5. Microwave

CHAPTER 9. GLOBAL INDUSTRIAL FURNACES MARKET, BY FUEL TYPE

9.1. Market Snapshot
9.2. Global Industrial furnaces Market by Fuel Type, Performance - Potential Analysis
9.3. Global Industrial furnaces Market Estimates & Forecasts by Fuel Type 2019-2029 (USD Billion)
9.4. Industrial furnaces Market, Sub Segment Analysis
  9.4.1. Coal
  9.4.2. Natural Gas
  9.4.3. Electricity
  9.4.4. Oil
  9.4.5. Biomass

CHAPTER 10. GLOBAL INDUSTRIAL FURNACES MARKET, BY END USE

10.1. Market Snapshot
10.2. Global Industrial furnaces Market by End Use, Performance - Potential Analysis
10.3. Global Industrial furnaces Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
10.4. Industrial furnaces Market, Sub Segment Analysis
  10.4.1. Aerospace
  10.4.2. Automotive
  10.4.3. Electronics
  10.4.4. Ceramics
  10.4.5. Pharmaceuticals
  10.4.6. Others

CHAPTER 11. GLOBAL INDUSTRIAL FURNACES MARKET, REGIONAL ANALYSIS

11.1. Industrial furnaces Market, Regional Market Snapshot
11.2. North America Industrial furnaces Market
  11.2.1. U.S. Industrial furnaces Market
    11.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
    11.2.1.2. Mode of Operation breakdown estimates & forecasts, 2019-2029
    11.2.1.3. Type breakdown estimates & forecasts, 2019-2029
    11.2.1.4. Fuel Type breakdown estimates & forecasts, 2019-2029
    11.2.1.5. End Use breakdown estimates & forecasts, 2019-2029
  11.2.2. Canada Industrial furnaces Market
11.3. Europe Industrial furnaces Market Snapshot
  11.3.1. U.K. Industrial furnaces Market
  11.3.2. Germany Industrial furnaces Market
  11.3.3. France Industrial furnaces Market
  11.3.4. Spain Industrial furnaces Market
  11.3.5. Italy Industrial furnaces Market
  11.3.6. Rest of Europe Industrial furnaces Market
11.4. Asia-Pacific Industrial furnaces Market Snapshot
  11.4.1. China Industrial furnaces Market
  11.4.2. India Industrial furnaces Market
  11.4.3. Japan Industrial furnaces Market
  11.4.4. Australia Industrial furnaces Market
  11.4.5. South Korea Industrial furnaces Market
  11.4.6. Rest of Asia Pacific Industrial furnaces Market
11.5. Latin America Industrial furnaces Market Snapshot
  11.5.1. Brazil Industrial furnaces Market
  11.5.2. Mexico Industrial furnaces Market
  11.5.3. Rest of Latin America Industrial furnaces Market
11.6. Rest of The World Industrial furnaces Market

CHAPTER 12. COMPETITIVE INTELLIGENCE

12.1. Top Market Strategies
12.2. Company Profiles
  12.2.1. ANDRITZ AG
    12.2.1.1. Key Information
    12.2.1.2. Overview
    12.2.1.3. Financial (Subject to Data Availability)
    12.2.1.4. Product Summary
    12.2.1.5. Recent Developments
  12.2.2. Carbolite Gero Limited
  12.2.3. Epcon Industrial Systems
  12.2.4. LP
  12.2.5. NUTEC Group
  12.2.6. International Thermal Systems LLC,
  12.2.7. Gasbarre Products, Inc
  12.2.8. L&L Special Furnace Co., Inc.
  12.2.9. Thermcraft, Inc.,
  12.2.10. International Thermal Systems

CHAPTER 13. RESEARCH PROCESS

13.1. Research Process
  13.1.1. Data Mining
  13.1.2. Analysis
  13.1.3. Market Estimation
  13.1.4. Validation
  13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Industrial furnaces Market, report scope
TABLE 2. Global Industrial furnaces Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Industrial furnaces Market estimates & forecasts by Product Type 2019-2029 (USD Billion)
TABLE 4. Global Industrial furnaces Market estimates & forecasts by Mode of Operation 2019-2029 (USD Billion)
TABLE 5. Global Industrial furnaces Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 6. Global Industrial furnaces Market estimates & forecasts by Fuel Type 2019-2029 (USD Billion)
TABLE 7. Global Industrial furnaces Market estimates & forecasts by End Use 2019-2029 (USD Billion)
TABLE 8. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global Industrial furnaces Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. Global Industrial furnaces Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. U.S. Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. U.S. Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. U.S. Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. Canada Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. Canada Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. UK Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. UK Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. Germany Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. Germany Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. France Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. France Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Italy Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Italy Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. Spain Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. Spain Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. RoE Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. RoE Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. China Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. China Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. India Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. India Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. Japan Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. Japan Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. South Korea Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. South Korea Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. Australia Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. Australia Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. RoAPAC Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. RoAPAC Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Brazil Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Brazil Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. Mexico Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. Mexico Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. RoLA Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. RoLA Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Industrial furnaces Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 70. Row Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. Row Industrial furnaces Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 72. List of secondary sources, used in the study of global Industrial furnaces Market
TABLE 73. List of primary sources, used in the study of global Industrial furnaces Market
TABLE 74. Years considered for the study
TABLE 75. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Industrial furnaces Market, research methodology
FIG 2. Global Industrial furnaces Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Industrial furnaces Market, key trends 2021
FIG 5. Global Industrial furnaces Market, growth prospects 2022-2029
FIG 6. Global Industrial furnaces Market, porters 5 force model
FIG 7. Global Industrial furnaces Market, pest analysis
FIG 8. Global Industrial furnaces Market, value chain analysis
FIG 9. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Industrial furnaces Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Industrial furnaces Market, regional snapshot 2019 & 2029
FIG 15. North America Industrial furnaces Market 2019 & 2029 (USD Billion)
FIG 16. Europe Industrial furnaces Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Industrial furnaces Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Industrial furnaces Market 2019 & 2029 (USD Billion)
FIG 19. Global Industrial furnaces Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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